3 Key Takeaways from me: Rival Offer is Definitely. As a new major unitholder of SPH REIT, Cuscaden has to g. 715 per share, and 0. Morningstar Rating. 26. 11% will be renamed to Paragon Reit as the name change will better reflect the trust&rsquo s vision and mission to capture unique opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday (Dec 29). We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. FY2021 refers to the period 1 September 2020 to 31 August 2021. As at 21 February 2022 (being the Latest Practicable Date prior to the publication of the Cuscaden Composite Document), This Offer is known as a Chain Offer, triggered by Cuscaden's acquisition of SPH has been completed. . In this post, you will find a summary (which I've compiled) of the CEO's presentation, questions which fellow attendees have raised during the meeting and responses provided by the management, along with results of 12. 04% up at 97. 020 per SPH REIT Unit as at 12 November 2021). 4K links. The portfolio of SPH REIT comprises the following five quality and well located commercial properties in Singapore and Australia:SPH REIT can select one or more attributes in terms of products and services that customers in the Real Estate Operations values most. 596 Keppel Reit unit (valued at $0. 72 cents per unit, which is the minimum offer price. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Cost of debt was at 1. SPH REIT (“SPHR”) is a Singapore-based Real Estate Investment Trust established to invest in real estate for retail purposes. 02. 9 years by NLA/gross rental income. , a wholly-owned subsidiary of Cuscaden Peak Investments Private Limited (formerly known as Singapore Press Holdings Private Limited). Platform. This will bring the number of SPH REIT units to be acquired by the offerer and its. Yes the company SPH REIT (SGX:SK6U) pays a quarterly dividend of $0. Disclaimer. SPH REIT Discloses Valuation of Shopping Malls 2022: MT Paragon REIT Reports Earnings Results for the Full Year Ended August 31, 2022 2022: CI SPH REIT Announces Distribution for the Period from 1 June 2022 to 31 August 2022, Payable on 25 November 2022 Grant Of Award And Notice Of Transfer Of SPH REIT Units Under Performance Unit Award. 596 Keppel REIT units and 0. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). SPH REIT (SGX:SK6U) announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. 5 years. 3% quarter-on-quarter (QoQ) and 313. View daily, weekly or monthly formats back to when Paragon REIT stock was issued. SPH shareholders will be entitled to 0. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. SPH REIT gearing remains stable at 30. Feb. REITirement - SREIT. Discover historical prices for SK6U. 1. Unlock. 6 cents. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. 13 and S$0. 2% premium over the one-month volume. *Close price adjusted for splits. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. Announcement Title: Change in Issuer Name: Date & Time of Broadcast: Dec 29, 2022 12:50: Status: New: Announcement Reference:. (ii) The REIT Manager owns approximately 4. MORE STORIES. Jul 01, 2022 11:47 AM. Share Price as of: -. SPH REIT - SG2G02994595 - SK6U. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments . Units of SPH Reit rose two cents or 2. This presentation may also contain forward-looking statements that involve risks and uncertainties. 3. 30 cents was based on income available for distribution for the comparative quarter from 1 September 2013 to 30 November 2013. Suburban Propane Partners, L. SPH REIT announced a change of financial year-end from 31 Aug to 31 Dec to align with its sponsor, Cuscaden Peak. SPH REIT’s gearing ratio remains stable at 30. SPH REIT's stands as one of the key beneficiaries of Singapore’s reopening with the largest exposure to Orchard retail, with Paragon mall anchoring 65% of its portfolio (by asset valuation). PARAGON REIT MANAGEMENT PTE. 782 SPH REIT Units per Share (1) Illustrative price based on SPH REIT closing price of S$1. 9m (+1. 72 cents per unit, the minimum offer price for. There have been a number of acquisitions allowing further growth of the REIT. Securities Act of 1933,. A physician or nurse practitioner. 37 cents; and tax-exempt income distribution of 0. More On This Topic. SPH REIT (SGX:SK6U)'s 12-month FY22 DPU of S$0. 782 SPH REIT units per share. (the "Company "), as manager of SPH REIT, wishes to announce that the Company has elected to receive the base fee component of the management fee for the period from 1 March 2021 to 31 May 2021 in the form of units in SPH REIT (the "Base Fee "). 36 per cent of total issued units, according to a bourse filing on Thursday (Jun 30) night. 05 cents. SPH REIT’s performance is an indication of how the overall REIT market in Singapore has held up well despite the recent sell-down over worries that the United States might start scaling back its. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. SGD 0. 0 / 0 %. 07 Aug 2023. 4% y-o-y to S$105. 668), Keppel REIT (0. SPH REIT adopts a proactive and disciplined capital management approach. Disclaimer. 099 per share. 715 per share. Net asset value per unit as at 31 August 2022 remained stable at. Welcome to PARAGON REIT Investor Relations. TAGS. 06 and pre pandemic high of $1. for the period from 1 January 2023 to 30 June 2023. They purchase based on a forward looking income basis, which means that there are. SPH REIT is a Singapore-based REIT established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. 7 per cent, said the Reit in a business update on Monday (Feb 13), and puts the DPU. 6% has turned unconditional in all respects, according to a bourse filing on Thursday (Jun 2). In addition, the high occupancy was supported by a high tenant retention ratio of 82. IPO Price = $0. Chua Hwee Song resigns as SPH CFO and from SPH Reit board. 6m while NPI increased marginally by 0. Ltd. 2%. 0 / 0 %. Disclaimer. THE chain offer for SPH Reit has closed with valid acceptances in respect of 402. Disclaimer. 4 cents per SPH Reit. 0. But substantially below the 52-week high of $1. 715) and 0. SPH REIT Units (via DIS) S$0. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. The company is based in Singapore. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 1. 868 per share in cash, 0. 099 per share. 9 per cent below SPH Reit's last traded price, on Thursday (Apr 28), of S$0. units of SPH REIT are only being offered outside the United States in reliance on Regulation S under the U. TAGS. 54%. Feb. Date &Time of Broadcast. SPH REIT and SPH REIT Management Pte Ltd Announces Resignation of Chua Hwee Song as Non Executive Non Independent Director. Securities Act of 1933,. 73. Notes. The offer price translates to a valuation of S$0. SPH REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail. A look at the shareholders of SPH REIT ( SGX:SK6U ) can. An investment in SPH REIT Units is subject to investment risks, including the possible loss of the principal amount. 7% y-o-y). 782 of an SPH Reit unit. S$636. May 29, 2022. Get More Info. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. 6 years. 8% below SPH REIT’s daily volume-weighted average price (VWAP) over the last month. The move will serve to "strengthen the offerings of SPH Media and, in particular, that of The Business Times", the group said in a media release on Wednesday (Nov 1). Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. Paragon, one of the key malls that's part of SPH REIT's portfolio. Distributed by Public, unedited and unaltered, on 20 June 2022 03:43:09 UTC. 02 at that time (15 Nov 2021), This part cash ($1. 668, as well as 0. The tenant sales are positive for both Clementi Mall and Westfield while marginal drop for Paragon. 5 cents per share, and 0. More On This Topic SPH seeks to buy back outstanding $500m of 3. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Paragon REIT Units Real Estate Investment Trust. Apps. The information behind this electronic gatepost is only being made available to residents of Singapore. This could potentially trigger a chain offer for SPH Reits if Cuscaden accumulates 30 per cent or more of the Reits. SPH REIT has a portfolio of five assets in Singapore and Australia. What is a Chain Offer? The Chain Offer refers to a mandatory cash offer whereby Cuscaden Peak will pay unitholders of SPH REIT a minimum offer price for each unit. 8% y-o-y to S$277. Ltd. If that happens, Cuscaden will make a takeover offer at 96. 798(1) Being the value of 0. General. 2 Acquisition: upon the DIS taking effect, a proposed acquisition (the “Acquisition”) by the Offeror of all the issued and paid. . 36. SPH REIT Management Pte Ltd, the Manager of the Trust (“the Manager”) is responsible for the other information contained in the annual report. SPH REIT is managed by SPH REIT Management Pte. 5 cent, or 0. Disclaimer. It is relatively lower than other retail REITs with gearing ratio typically above 30%. Securities Act of 1933, as amended (the "U. SK6U | Complete Paragon REIT stock news by MarketWatch. BM4wkoB-e9p9PBi601taz5eSNkoDxC5wycV2xgrtyiM. 351 per share, consisting of S$0. About the company. 02% (or 515,800) of the votes against. PARAGON REIT (formerly known as “SPH REIT”) is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. 602 cash per share plus 0. This was an improvement from its 97. $12. SK6U fundamental analysis;SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 70851. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. 715) and 0. Contrast this with Parkway Life REIT (SGX: C2PU. Cuscaden Peak's offer of up to $2. THE BUSINESS TIMES: SPH Real Estate Investment Trust (Reit) will be renamed to Paragon Reit as the name change will better reflect the trust’s vision and mission to capture unique opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday (Dec 29). 03. SPH REIT published this content on 13 June 2022 and is solely responsible for the information contained therein. com. SPH REIT published this content on 25 April 2022 and is solely responsible for the information contained therein. (NYSE: ABR) is a Long Island, New. Cuscaden, a consortium comprising Hotel Properties, businessman Ong Beng Seng and 2 Temasek-linked entities CLA and Mapletree, had in April 2022 offered to acquire SPH Reit at the minimum offer price of S$0. Ltd. 9372 per unit for all units of SPH REIT. 782 SPH REIT units for every SPH share held. 36445, not much difference from the all cash offer of $2. 35, while units of SPH Reit ended 0. Market / ISIN. CI. 7% from S$0. 5%, with no refinancing due till June 2021. Ltd. SPH REIT has a healthy balance sheet with low gearing. Courier 158 Dunlop Street EastSPH shareholders can choose to receive either $2. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of. SPH REIT declared a DPU of S$0. 33 last Friday, while SPH Reit ended 1 per cent up at $1. YqNexrI5Aa0WBVPygGIdrNajfWdAi30fregf8Fnbknxph2_brQpPnRNlew. Legal Name SPH REIT Management Pte Ltd. SPH REIT maintained its strong portfolio occupancy rate of 97. communications functions in the SPH Group and sits on several steering and senior management committees. S$636. The offer price is 3. Apr 29, 2022, 8:05 AM SGT SINGAPORE ( THE BUSINESS TIMES) - Cuscaden Peak will offer to acquire SPH Reit at 93. WITH its offer to acquire Singapore Press Holdings (SPH) having been approved by shareholders of the mainboard-listed property player, Cuscaden Peak has started despatching to shareholders the forms for them to choose between getting all cash or a combination of cash and SPH Reit SK6U units. Read more at The Business Times. It is also 2. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. Mandatory Cash Dividend/ Distribution. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. Get the latest Paragon REIT (SK6U) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. 36 apiece. Chain offer price for SPH REIT. SPH REIT announced full year revenue of S$281. The closing date for the chain offer has also been extended for two weeks to 5. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. Units of SPH Reit closed down two cents, or 2. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 782 SPH REIT units (worth $2. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Disclaimer. SPH REIT Announces Change of Financial Year End from 31 August to 31 December 2022: CI SPH REIT Secures Term Loan Facility of SGD 975 Million 2022: CI Singapore Shares End Week Slightly Higher; SPH REIT Shares Climbed 3% as Fiscal Q3 DPU Rises Over 5%SPH REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. Blog. completed the acquisition of an additional 14. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. Payment Of Management Fee (Base Fee) By Way Of Issue Of Units In SPH REIT. SPH REIT published this content on 20 May 2022 and is solely responsible for the information contained therein. SPH Reit to be renamed Paragon Reit from Jan 3 Link Reit plans $3. 05 (1. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. 13. Officially, PARAGON REIT MANAGEMENT PTE. Asia’s most international, multi-asset exchange, operating securities, fixed income and derivatives markets to the highest regulatory standards. 28 Jan 2021. 9% less than the total consideration. THE BUSINESS TIMES: SPH Real Estate Investment Trust (Reit) will be renamed to Paragon Reit as the name change will better reflect the trust’s vision and mission to capture unique opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday. SPH REIT - SG2G02994595 - SK6U. SPH Real Estate Investment Trust (Reit) : SK6U -1. SPH REIT - Paragon Awaits The Return Of Chinese Spenders. Price vs Fair Value. 商业时报Find detailed analysis of Singapore-listed companies, along with advices on long-term investing and short-term trading here. 94 pence (3. Security. 2% premium over the one-month volume. Read more at The Business Times. 13. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. Mr Patrick Daniel, Interim CEO of SPH Media Trust, recounted that SPHL had reiterated in its EGM circular to its shareholders that "the listed company model is no longer the best business structure. SPH Reit's DPU in Q1 down 13% to 1. The portfolio of SPH REIT comprises the following five quality and well located commercial properties in Singapore and Australia:In short, for every 1,000 SPH shares owned, the shareholder gets $668 in cash, $715 worth of Keppel Reits and $716 worth of SPH Reits. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Change Of Name Of SPH REIT And The Manager. The value of Units and the income derived from them, if any, may fall or rise. 28 Jan 2021. Market / ISIN Code: SGX Mainboard / SG2G02994595. 07 Aug 2023. However, when SPH REIT reported its first-half fiscal year 2020 (FY 2020) earnings, it announced that the DPU would be just S$0. 1. 3449 only. the SPH REIT Units (including those SPH REIT Units held by SPH after completion of the DIS) and the Offeror is required to make the Chain Offer. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. Apr 29, 2022, 8:05 AM SGT SINGAPORE ( THE BUSINESS TIMES) - Cuscaden Peak will offer to acquire SPH Reit at 93. Based on current share price of SPH Reit ($0. 602) part share (0. Morningstar Rating. 8 million changing hands. Founded Date 2013. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. 0 / 0 %. In its regulatory filing furnished to. . 8%,. SPH REIT has. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. com: The #1 Source For Dividend Investing. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. 38 cents. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long- term growth in DPU and NAV per. 7% y-o-y on. The higher topline results were due to full year. Acquisition ( SPH buys and incubates the property and SPH REIT uses rights issue, placement and debt to acquire it) The third option looks plausible. 1 per cent in total return terms, after a challenging 2022 which saw it decline 12 per cent. 1. 5 per cent, lower at 97 cents. 64 per cent of total issued SPH Reit units. 596 of a Keppel Reit unit and 0. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. SPH Reit, a real estate investment trust, will change its name to Paragon Reit to better reflect its vision and mission in the Asia-Pacific retail landscape. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. The issue price for the placement was $1. 64% of the total issued SPH REIT units. It divides the Forward Annualized Dividend by FY1 EPS. SPH REIT Management Pte. On Monday evening (29 March 2021), SPH REIT (SGX:SK6U), with properties in Singapore (namely Paragon, The Clementi Mall, and The Rail Mall) and in Australia (a 85. 668 per share, 0. 5 cents on Jan 12. Change Of SPH REIT's Financial Year End From 31 August To 31 December. S. 1. Blog. It is well served by the Hillview MRT station about 250 metres away and a network of public bus services. 3 cents) for 1HFY2023 ended June, up 6. Steady Recovery Underpinned By Resilient Domestic Demand And Resumption Of International Travel. S. Loading more data. Take a look at five REITs with recent insider buying that could be a tip-off that better times are ahead. CUSCADEN Peak will offer to acquire SPH Reit : SK6U 0% at S$0. SPH REIT. 36, or S$2. 0% interest in 15 properties, and a 100. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. Consequently, portfolioDisclaimer. SPH REIT to merge with MPACT or CICT? Lifetime Membership When SPH shareholders approved the acquisition by Cuscaden Peak on 22 March 2022, the writing was on the wall that SPH REIT would be the next to be acquired. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. 64% fromthe prior estimate of 0. 3 million. Market / ISIN Code: SGX Mainboard / SG2G02994595. 07x and dividend yield of 5. . Chain offer price for SPH REIT. 10. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. SPH Media to acquire Tech in Asia; no layoffs expected. The name change will take effect from Jan 3, 2023, onwards. The offer is made for all the units in SPH REIT, other than those already owned, controlled or agreed to be acquired by Cuscaden Peak and parties acting in concert with the offeror. SPH REIT's Share Price trades at a compelling yield of 6. More On This Topic. SPH REIT’s Financial Results in the Current Year (1H FY2019/20) Compared to the Previous Year (1H FY2018/19) SPH REIT released its financial results for first half of the financial year 2019/20 (also known at 1H FY2019/20) last week (on 01 April 2020. General. Name) Tay Zheng YuPARAGON REIT is a real estate investment trust that owns and manages prime retail and office properties in Singapore. This represents an annualised yield of 5. 099 per SPH share, which represents a 16. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. Finally, the management is of the opinion that Covid-19’s impact is continued to continue into FY2020/21, and as such, their near-term focus is to minimise vacancies to provide a sustainable rental income by working hard with their tenants, while at. The Reit is sponsored by media and property group SPH. 596 of a Keppel Reit unit and 0. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook. The offer satisfied the minimum acceptance condition of 50 per cent of the issued SPH Reit units as at June 1, making it unconditional in all respects. THE BUSINESS TIMESperformance of SPH REIT is not necessarily indicative of its future performance. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. 98% (or 2,076,990,163) of the votes for, and 0. 5K views 05:23SPH Reit posts lower DPU after distribution deferment, capital. 2 per cent of SPH Reit. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. Highlights of the podcast: 00:55 Underperformance of Reits. Prior to 1 December 2021, SPH was in the media business as well with a reach in the print, digital, radio, and outdoor media. Follow us on Facebook and join our Telegram channel for the latest updates. 1 file. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. 2. In particular, the units of PARAGON REIT have not been and will not be registered under the U. SPH REIT published this content on 07 June 2022 and is solely responsible for the information contained therein. SPH Reit units shed three cents to close at $1. (iv) TPR and the REIT Manager are subsidiaries of TPPL. 2 per cent, at 89 cents on Wednesday. To put that amount in perspective, SPH is currently trading at S$1. 113,200. The counter code of the REIT will remain unchanged at SK6U. PARAGON REIT, formerly known as SPH REIT, is a Singapore-based real estate investment trust established principally to invest, directly or indirectly, in a portfolio of. A wellmanaged shopping mall in an area with a growing catchment population would be a good pipeline asset for SPH REIT, which currently holds Paragon and The Clementi.